#THE SIR DINSHAW MANOCKJEE PETIT ACT, 1893 
________ 

##ARRANGEMENT OF SECTIONS 
_____ 

SECTIONS 

1. Incorporation of Trustee. 
2. Heirs of Sir Dinshaw Manockjee Petit to take his name. 
3. Vesting and application of income of settled property. 
4. Application of income during minority. 
5. Mansion-house limited to the use of the Baronet for the time being. 
6. Devolution of interest where beneficiary refuses, neglects or discontinues to use the names 
  Dinshaw Manockjee Petit. 
7. Power to charge settled property for jointure of widow. 
8. Limitation to amount of jointure. 
9. Exclusion of wives from interest in Mansion-house. 
10. Limitation of transfers to life of transferor. 
11. Addition of stocks, funds or securities to settled property. 
12. Insurance of Mansion-house, and application of money received in respect of insurance. 
13. Mansion-house and other hereditaments to be kept in repair. 
14. Power of Corporation to sell or exchange Mansion-house or other hereditaments. 
15. Powers of Corporation  in respect of such sale or exchange. 
16. Investment of moneys received on such sale or exchange. 
17. Investments and lands resulting from such sale or exchange to be held on trusts declared by this 
  Act. 
18. Reimbursement of expenses of Corporation. 
19. Saving existing rights. 
THE SCHEDULE. 



#THE SIR DINSHAW MANOCKJEE PETIT ACT, 1893 

##ACT NO. VI OF 1893 

###PASSED BY THE GOVERNOR GENERAL OF INDIA IN COUNCIL. 

*(Received the assent of the Governor General on the* 9th March, 1893.)

An Act for settling Bonds of the Municipal Corporation of the City of Bombay producing an annual income 
  of one lakh and twenty five thousand rupees and a Mansion-house and hereditaments called "Petit Hall" 
  in the Island of Bombay, the property of Sir Dinshaw Manockjee Petit, Baronet, so as to accompany 
  and support the title and dignity of a Baronet lately conferred by Her Present Majesty Queen Victoria 
  on him for and during the term of his natural life, and from and immediately after his decease to hold 
  to his second son, Framjee Dinshaw Petit, Esquire, and the heirs male of his body lawfully begotten, 
  and  in  default  of  such  issue  with  remainder  to  the  heirs  male  of  the  body  of  the  said  Sir  Dinshaw 
  Manockjee Petit, and for other purposes connected therewith. 

WHEREAS by Letters Patent of Her Majesty Queen Victoria, by the Grace of God of the United Kingdom 
  of Great Britain and Ireland, Queen, Defender  of the Faith, dated at Westminster on or about the first 
  day of September in the fifty-fourth year of Her Reign, and by Warrant under the Queen's sign-manual, 
  Her said Majesty made known that She, of Her special Grace, certain knowledge and more motion, had 
  erected, appointed and created her trusty and well beloved Sir Dinshaw Manockjee Petit of "Petit Hall,” 
  in the Island of Bombay, Knight, to the dignity, state and degree of a Baronet, and him, the said Sir 
  Dinshaw Manockjee Petit, for Her Majesty, her heirs and successors, she did erect, appoint and create 
  a Baronet of the United Kingdom of Great Britain and Ireland by the said Letters Patent, to hold to him, 
  for and during the term of his natural life, and from and immediately after his decease to hold to Framjee 
  Dinshaw Petit, Esquire, second son of the said Sir Dinshaw Manockjee Petit, and the heirs male of his 
  body lawfully begotten and to be begotten, and in default of such issue with remainder to the heirs male 
  of the body of the said Sir Dinshaw Manockjee Petit lawfully begotten and to be begotten; 

  And whereas in fulfilment of an engagement in that behalf made with Her Majesty's Government the 
said Sir Dinshaw Manockjee Petit is desirous of settling in perpetuity such property on himself and on the 
said  Framjee  Dinshaw  Petit  and  the  heirs  male  of  their  respective  bodies  who  may  succeed  to  the  said 
Baronetcy as shall be adequate to support the dignity of the title conferred on him and them as aforesaid; 

  And whereas the said Sir Dinshaw Manockjee Petit is seised of a Mansion-house and hereditaments 
situate in the Island of Bombay called "Petit Hall," and has an absolute estate of inheritance therein, and is 
desirous,  in  fulfilment  of  the  aforesaid  engagement,  of  settling  bonds  or  debentures  of  the  Municipal 
Corporation  of the  City  of  Bombay  producing  an  annual  income  of  one  lakh  and  twenty-five  thousand 
rupees, and the said Mansion-house and hereditaments, to the uses, upon the trusts and for the purposes 
hereinafter limited and declared, concerning the same respectively; 

  And whereas the said Sir Dinshaw Manockjee Petit is also desirous that the said Framjee Dinshaw Petit 
and the heirs male of his body, and also the heirs male of the body of the said Sir Dinshaw Manockjee Petit, 
to whom the said title and dignity of Baronet shall descend, shall, at the time of such descent upon them 
respectively, take and bear the names of "Dinshaw Manockjee Petit" in lieu of any other name or names 
whatever which they respectively may bear at the time of such descent on them respectively ; and he is also 
desirous  that  the  Accountant-General,  Bombay,  the  Collector  of  Bombay  and  the  Chief  Presidency 
Magistrate, Bombay, all for the time being, shall be trustees of the aforesaid Municipal bonds, Mansion-
house and hereditaments, and be likewise the trustees for carrying into execution the general purposes and 
powers of this Act, with relation to the same securities and also with relation to the same Mansion-house 
and hereditaments; 

  And whereas the said Sir Dinshaw Manockjee Petit is desirous of settling the said bonds and the said 
Mansion-house and hereditaments so as aforesaid agreed to be settled by him for the purpose of supporting 
the dignity of the said Baronetcy, to the uses, upon the trusts and for the purposes hereinafter limited and 
declared concerning the same respectively; 

  And whereas it is expedient that the aforesaid purposes should be effected by an Act of the Council of 
the Governor General for making Laws and Regulations; 

  It is enacted as follows:— 

1. **Incorporation of Trustee.**—That  Arthur  Frederick  Cox,  Esquire,  the  Accountant-General  of 
Bombay,  James  MacNabb  Campbell,  Esquire,  the  Collector  of  Bombay,  and  Charles  Philip  Cooper, 
Esquire,  the  Chief  Presidency  Magistrate  of  Bombay,  and  their  successors,  the  Accountant-General  of 
Bombay, the Collector of Bombay, and the Chief Presidency Magistrate of Bombay, all for the time being, 
shall be and they are  hereby created a Corporation with perpetual succession and a common seal under the 
style  and  title  of  "The  Trustees  of  the  Dinshaw  Manockjee  Petit  Baronetcy,"  and  that  the  said  Arthur 
Frederick Cox, James NacNabb Campbell, and Charles Philip Cooper, and their said successors (hereinafter 
styled "The Corporation”), shall be and they are hereby constituted, as such Corporation, the Trustee for 
executing the powers and purposes of this Act. 

2. **Heirs of Sir Dinshaw Manockjee Petit to take his name.**—The said Framjee Dinshaw Petit and the 
heirs male of his body and all other the heirs male of the body of the said Sir Dinshaw Manockjee Petit to 
whom the said title and dignity shall descend, pursuant to the limitations of the Patent whereby the said 
dignity was granted, shall take upon themselves respectively the names of "Dinshaw Manockjee Petit" in 
lieu and in the place of any other name or names whatever; and the said Framjee Dinshaw Petit, and also 
such  heirs  male  of  his  body  and  all  such other  the  heirs  male  of  the  said  Sir  Dinshaw Manockjee  Petit 
severally and successively, shall be called by the names of "Dinshaw Manockjee Petit," and by those names 
shall name, style and write themselves" respectively, upon all occasions whatever. 

3. **Vesting and application of income of settled property.**— Immediately from and after the passing 
of this Act, bonds of the Municipal Corporation of the City of Bombay, producing an annual income of not 
less of settled than one lakh and twenty-five thousand rupees shall property be transferred into the name of 
the  Corporation,  who  shall  hold  the  same  upon  the  trusts  and  for  the  purposes  hereinafter  expressed 
concerning the same, (that is to say,) upon trust to continue to hold the said bonds until the same shall be 
discharged by the Municipal Corporation of the City of Bombay, or shall be sold by the said Trustees at 
their discretion, and on such discharge or sale to invest the sum to be received on such occasion in or on 
any stocks, funds or securities of or the principal or interest of which is guaranteed by the Government of 
the United Kingdom of Great Britain and Ireland or the Government of India; and in like manner, as often 
as the same shall been necessary, to alter, vary and, change such stocks, funds and securities for others of 
the same or like nature; and upon further trust from time to time to pay and apply the dividends, interest 
and annual income of the said bonds, stocks, funds and securities unto and for the benefit of the said Sir  
Dinshaw Manockjee Petit during his natural life; and from and immediately after his decease for the benefit 
of the said Framjee Dinshaw Petit if he shall survive the said Dinshaw Manockjee Petit during his natural 
life; and from and immediately after the death of the survivor of them the said Sir Dinshaw Manockjee Petit 
and Framjee Dinshaw Petit for the benefit of the person who, as heir male of the body of the said Framjee 
Dinshaw Petit, or of the said Sir Dinshaw Manockjee Petit, as the case may be, shall for the time being have 
succeeded to and be in the enjoyment of the title of Baronet conferred by the said Letters Patent as aforesaid, 
notwithstanding any rule of law or equity to the contrary, and upon failure and in default of heirs male of 
the body of the said Framjee Dinshaw Petit and Sir Dinshaw Manockjee Petit, to whom the same title and 
dignity  of  Baronet  may;  descend,  upon  trust  for  the  said  Sir  Dinshaw  Manockjee  Petit,  his  executors, 
administrators and assigns, which ultimate remainder or reversion it shall be lawful for the said Sir Dinshaw 
Manockjee Petit, his executors, administrators and assigns, at any time or times, during the continuance of 
the said title and dignity of Baronet, and until there shall be a failure of heirs male of the body of the said 
Sir Dinshaw Manockjee Petit as aforesaid, to assign, transfer, bequeath and dispose of by deed or will or 
other assurance or assurances. 

4. **Application of income during minority.**—The Corporation during the minority of any person for 
the time being entitled to and in enjoyment of the said dignity of Baronet under the limitations of the said 
Letters Patent shall pay and apply for and towards the maintenance, education and benefit of such Baronet, 
in each and every year during such his minority as aforesaid, so much only of the annual interest, dividends 
and income of the said Trust Funds and premises as tile Corporation shall in their discretion think proper, 
and shall from time to time invest the residue of the said annual dividends, interest and income of the said 
Trust Funds and premises in and upon stocks, funds and securities of or the principal or interest of which 
is guaranteed by the Government of the United Kingdom of Great  Britain and Ireland or the Government 
of India; and shall upon such Baronet attaining bis majority pay over, transfer and assign to him or as he 
shall direct and for his absolute benefit the said investments and all accumulations thereof. 

5. **Mansion-house limited to the use of the Baronet for the time being.**— The Mansion-house and 
other  hereditaments  called  “Petit  Hall”  situate  in  the  Island  of  Bombay  with  their  rights,  members  and 
appurtenances, of which the said Sir Dinshaw Manockjee Petit is seised  to him and his heirs, shall, by force 
of  this  Act,  from  and  immediately  after  the  passing  thereof,  stand  limited  unto  and  to  the  use  of  the 
Corporation  upon  the  trusts  hereinafter  declared,  (that  is  to  say,)  upon  trust  for  the  said  Sir  Dinshaw 
Manockjee Petit for and during the term of his natural life and from and immediately after his decease upon 
trust for the said Framjee Dinshaw Petit for and during the term of his natural life, provided he shall survive 
the said Sir Dinshaw Manockjee Petit, and from and immediately after the decease of the survivor of them 
the said Sir Dinshaw Manockjee Petit and Framjee Dinshaw Petit upon trust for the heirs male of the body 
of the said Framjee Dinshaw Petit who may succeed to the title of Baronet conferred by the said Letters 
Patent as aforesaid, and, upon failure and default of heirs male of the body of the said Framjee Dinshaw 
Petit to whom the same title and dignity of Baronet may descend as aforesaid, upon trust for the heirs male 
of the body of the said Sir Dinshaw Manockjee Petit who may succeed to the said title and upon failure and 
default of such last-mentioned heirs male upon trust for the said Sir Dinshaw Manockjee Petit, his heirs and 
assigns forever, which ultimate remainder or reversion it shall be lawful for the said Sir Dinshaw Manockjee 
Petit and his heirs and assigns at any time or times during the continuance of the said title and dignity of 
Baronet, and until there shall be a failure of heirs male of the body of the said Sir Dinshaw Manockjee Petit, 
as aforesaid, to grant, convey, devise and dispose of by deed or will or by any other assurance or assurances 
by which such an estate in remainder or eversion is capable by law of being convoyed or disposed of by 
Parsee inhabitants of British India. 

6. **Devolution of interest where beneficiary refuses, neglects  or  discontinues  to  use  the  names 
Dinshaw Manockjee Petit.**—Provided always that in case any person to whom for the time being the said 
title of Baronet shall have descended shall, for the space of one whole year after he shall by virtue of this 
Act become entitled to the dividends, interest and income of the said stocks, funds and securities, or to the 
possession or receipt of the rents and profits of the said hereditaments, or being then under age is shall  for 
the space of one whole year after he shall attain the age of twenty one years, refuse or neglect to use the 
names, of “Dinshaw Manockjee Petit” as hereinbefore enacted, or in case any such person having so used 
those names shall, for the space of six calendar months consecutively during his natural 1ife, discontinue 
so to use such names, then, in any or either of the said cases the estate or interest in the said trust funds and 
premises of the person who shall so refuse or neglect  to use or having used shall so discontinue to use the 
said  names  of  “Dinshaw  Manockjee  Petit”  shall  during  the  remainder  of  his  respective  natural  life  be 
suspended; and that, during any and every such suspension, the dividends, interest and income of the said 
stocks, funds and securities, and the possession and actual occupation and also the rents and profits of the 
said hereditaments shall devolve and belong, to the person who, as heir male of the body of the said Framjee 
Dinshaw Petit or the said Sir Dinshaw, Manockjee Petit, as the case may be, would have succeeded to and 
been in the enjoyment of the title of Baronet conferred by the said Letters Patent in case the person so 
refusing or neglecting to use or discontinuing to use the said names of “Dinshaw Manockjee Petit” had 
departed this life; but if there should be no such heir male, then to the person or persons who would be 
entitled  to  the  same  in  case  there  had  then  been  a  total  failure  of  issue  male  of  the  said  Sir  Dinshaw 
Manockjee Petit. 

7. **Power to charge settled property for jointure of widow.**—It  shall  be  lawful  for  the  said  Sir 
Dinshaw  Manockjee  Petit  and  Framjee  Dinshaw  Petit,  and  for  any  person  upon  whom  the  said  title  of 
Baronet shall from time to time descend, when in the actual enjoyment of the said title, and who shall not 
refuse, neglect or discontinue to use, for the respective periods hereinbefore in that behalf mentioned, the 
said names of "Dinshaw Manockjee Petit” as herein before enacted, either before or after his marriage with 
any woman or women by any deed or deeds, writing or writings, with or without power of revocation to be 
by him, sealed and delivered in the presence of two or more credible witnesses (but subject and, without 
prejudice to any annuity or annuities, if any, which shall be then subsisting and payable by virtue of any 
appointment made under and in pursuance of this present power), to limit and appoint unto any woman or 
women whom he shall marry for her or their life or lives, and for her or their jointure or jointures in bar of 
dower or other legal or customary rights any annuity or yearly sum not exceeding the sum of ten thousand 
rupees, clear of all taxes, charges and deductions whatsoever to commence and take effect immediately 
after the decease the person limiting  or appointing  the same and to be issuing and payable Petit of the 
dividends, interest and, annual income, of the said stocks, funds and securities, and to be, paid and payable 
by equal half-yearly payments on, the thirtieth day of June and the thirty-first day of December, the first of 
the said half-yearly payments to be made on the half-yearly day which shall first happen after the decease 
of the person who shall have appointed such annuity or yearly sum: Provided always that in case any person 
on whom such title shall descend shall have refused or neglected to use the names of "Dinshaw Manockjee 
Petit " or shall discontinue to use such names for six calendar months consecutively during his natural life, 
every such, limitation and appointment, either previously or afterwards made by him, shall be and become 
inoperative and invalid, and no such annuity thereby created or appointed shall take effect or be, payable, 
or chargeable, on the said stocks, funds and securities,  notwithstanding any such limitation or appointment. 

8. **Limitation to amount of jointure.**—Provided always that the said dividends, interest and annual 
income of the said stocks, funds and securities shall not at one and the same time be subject to the payment 
of more than the yearly sum of twenty thousand rupees for or in respect of any jointure or jointures which 
shall be made in pursuance of the power hereinbefore contained, so that if by virtue of or under the same 
power the said dividends, interest and annual income would, in case this present provision had not been 
interested, be charged at any one time with a greater yearly sum for jointures in the whole than the yearly 
sum of twenty thousand rupees, the yearly sum which shall occasion such excess or such part thereof as 
shall occasion the same shall during the time of such excess abate and not be payable. 

9. **Exclusion of wives from interest in Mansion-house.**— The said Mansion-house and hereditaments 
called "Petit Hall," with their rights, members and appurtenances, shall not be subject to any right, interest 
estate whatsoever which the wife of the said Sir Dinshaw Manockjee Petit or Framjee Dinshaw Petit, or the 
wives of any of the persons who shall successively become entitled thereto, may or might have or claim to 
have in the said Mansion-house and hereditaments under any custom or law of the Parsees, or  otherwise 
howsoever. 

10. **Limitation of transfers to life of transferor.**—Save  as  regards  the  ultimate  remainders  or 
reversions,  hereinbefore  limited  in  trust  for  the  said Sir  Dinshaw  Manockjee  Petit,  his  heirs,  executors, 
administrators and assigns respectively, so long as the said title and dignity of Baronet shall endure, and 
until there shall be a failure of heirs male of the body of the said Sir Dinshaw Manockjee Petit, to whom 
the said title and dignity of Baronet might descend pursuant to the limitations of the Patent whereby the 
said dignity was granted, neither the said Sir Djnshaw Manockjee Petit nor the said Ftamjee Dinshaw Petit 
nor any of the heirs male of their respective bodies in  whose favour trusts are hereinbefore declared of the 
dividends, interest and annual income of the said bonds, stocks, funds and securities or of the said Mansion- 

house and hereditaments called Petit Hall," shall transfer, dispose of, alien, convey, charge or encumber the 
said bonds, stocks, funds and securities, or any part thereof, or the dividends, interest and annual income 
thereof, or of any part thereof, or the said Mansion-house or hereditaments, or any part thereof, for any 
greater or larger estate, interest or time than during his natural life, and for such portion thereof only as he 
shall continue to use the names of "Dinshaw Manockjee Petit," nor shall any such person as aforesaid either 
alone or jointly with any other or others of them or with any other person  or persons whomsoever have any 
power to discontinue or bar the estates tail hereinbefore limited in trust for the heirs male of the respective 
bodies of the said Framjee Dinshaw Petit and Sir Dinshaw Manockjee Petit, or either of them, or any estate 
or interest hereby or herein created or declared in trust or for the benefit of any person or persons for whose 
benefit trusts are declared by this Act of the dividends, interest and annual income of the said bonds, stocks, 
funds and securities, or of the said Mansion-house, hereditaments and the rents and profits thereof, or to 
prevent any such person or persons from succeeding to, holding or enjoying, receiving or taking the same 
premises according to the true intent of the provisions herein. before contained, nor shall the same premises 
or any of them be held by any Court of law or equity to have vested in any such person as aforesaid for any 
greater estate or interest than during his life, and only during such portion thereof as he shall continue to 
use the names of "Dinsbaw Manockjee Petit," and every attempt to male any conveyance, assignment or 
assurance contrary to the intention of this Act shall be, and is hereby, declared and enacted to be void. 

11. **Addition of stocks, funds or securities to settled property.**—If at any time or times hereafter the 
said  Sir  Dinshaw  Manockjee  Petit  or  any  other  person  or  persons  shall  be  sons  shall  be  desirous  of 
augmenting the funds and securities for the time being subject to the trusts of this Act, and for that purpose 
and with that intent shall at his or her own expense transfer and deliver to the Corporation any stocks, funds 
or securities of or the principal or interest of which is guaranteed by the Government of the United Kingdom 
of Great Britain and Ireland or the Government of India, then and as often as the same shall happen the said 
Corporation may, with the previous consent of the Governor of Bombay in Council, accept such stocks, 
funds and securities, and the Same shall thenceforth be held by the said Corporation upon the same trusts 
as  are  declared  by  this  Act  with  regard  to  the  said  bonds  of  the  Municipal  Corporation  of  the  City  of 
Bombay, or upon such of them as shall then be subsisting and capable of taking effect: Provided always 
that the total amount of the stocks, funds and securities for the time being subject to the trust of this Act 
shall at no time exceed fifty lakhs of rupees. 

12. **Insurance of Mansion-house, and application of money received in respect of insurance.**— 
The Corporation shall keep the said Mansion-house called “Petit Hall,” and all the out-buildings and offices 
thereof,  and  also  all  other  messuages  or  buildings  which  may  from  time  to  time  be    added  thereto  or 
substituted therefor, or which may here after become subject to any of the trusts of this Act, adequately 
insured in the name of the said Corporation  of the persons for the time being constituting the same against 
loss or damage by, fire, and may apply any portion of the income of the funds for the time being subject to 
the trusts of this Act to that purpose, and in case the hereditaments and premises so insured or any part 
thereof shall be  destroyed or damaged by fire, the moneys received in respect of such insurance shall either 
be  out  under  the  direction  of  the  said  Corporation  in  re-building  or  reinstating  the  hereditaments  and 
premises so destroyed or damaged by fire, or, upon the application of the person for the time being entitled 
to and in the enjoyment of the said dignity of Baronet and with the consent of the Governor of Bombay in 
Council, to be notified by a resolution of the Government of Bombay, may be laid out in the purchase of 
other hereditaments in the Presidency of Bombay suitable for The support of the dignity of the said title, in 
which last mentioned case the hereditaments so purchased shall immediately from and after the completion 
of the purchase thereof be and become subject to the uses and trusts of this Act or such of them as shall 
then be subsisting and capable of taking effect in the same manner and to the same effect as if such last-
mentioned, hereditaments had expressly been named or described in the fifth section of this Act. Until such 
insurance moneys shall have been so laid out, the Corporation may invest the same or any part thereof in 
any of the Government securities specified in section 16. 

13. **Mansion-house and other hereditaments to be kept in repair.**—The said Mansion-house and 
premises called “Petit Hall” and all additions thereto, and also all other messuages and hereditaments  which 
from time to time may be or become subject to the trusts declared by this Ac concerning the said Mansion-
house and premises, shall be kept in good repair, order an condition by and at the expense of the person for 
the time being in the enjoyment of the title of Baronet conferred by the said Letters Patent, and in case any 
such person shall at any time neglect or refuse to keep the said Mansion-house, hereditaments and premise 
or any them in such good order and condition, it shall b e lawful for the Corporation to keep or cause the 
same to be kept in good order and condition and to defray the expense incident thereto from the income of 
the funds for the time being subject to the provisions of this Act. 

14. **Power of Corporation to sell or exchange Mansion-house or other hereditaments.**—The 
Corporation shall hold the said Mansion-house and hereditaments known as “Petit Hall” and also any other 
hereditaments for the time being vested in them by virtue of this Act, upon trust with the consent of the 
person entitled to an in the actual enjoyment of the title of Baronet conferred by the said Letters Patent, and 
with the consent of the Governor of Bombay in Council to be notified as aforesaid, to sell or exchange for 
other lands or hereditaments in the Presidency of Bombay the said Mansion-house and hereditaments, and 
also any other such hereditaments as aforesaid, and upon any such exchange to give or receive any money 
for equality of exchange. 

15. **Powers of Corporation  in respect of such sale or exchange.**—And it is hereby declared that any 
such sale as aforesaid may be made either by public auction or private contract, and that the Corporation 
may make any stipulations as to title or evidence or commencement of title or otherwise in any conditions 
of sale or contract for sale or exchange of the said hereditaments or any part thereof, and may buy in or 
rescind or vary any contract for sale or exchange and re-sell or re-exchange without being responsible for 
any loss occasioned thereby. 

16. **Investment of moneys received on such sale or exchange.**— And it is hereby declared that the 
said Corporation shall receive all moneys which may become payable upon any such sale or exchange as 
aforesaid,  and  with  all  convenient  speed  invest  the  same  either  in the  purchase of  any  stocks,  funds  or 
securities of or the principal and interest of which is guaranteed by the Government of the United Kingdom 
of Great Britain and Ireland or the Government of India, or in the purchase of other lands or hereditaments 
situate in the Presidency of Bombay and suitable for the support of the dignity of the said title, yet so as 
that every such purchase of lands or hereditaments be made with the consent in writing of the person then 
entitled to and in the actual enjoyment of the said title. 

17. **Investments and lands resulting from such sale or exchange to be held on trusts declared by 
this Act.**—And it is hereby declared that the stocks, funds and securities and the lands or hereditaments, 
respectively, so to be purchased or taken in exchange as aforesaid shall from and immediately after the 
completion of the purchase or exchange thereof, respectively, be held upon the trusts in and by this Act 
declared of and concerning the said bonds of the Municipal Corporation for the City of Bombay and the 
said Mansion-house and premises called “Petit Hall," respectively, or such of them, respectively, as may 
then be subsisting and capable of taking effect. 

18. **Reimbursement of expenses of Corporation.**—It shall be lawful for the Corporation out of the 
money which shall come to their hands by virtue  of the trusts and provisions of this Act to retain and 
reimburse themselves all costs, damages and expenses which they shall or may sustain, expend or disburse 
in or about the execution of the aforesaid powers; trusts and provisions, or in relation thereto. 

19. **Saving existing rights.**— Saving always to the Queen's Most Excellent Majesty, Her heirs and 
successors, and to all and every other person and persons, bodies politic and corporate, and his, her and 
their respective heirs, successors, executors and administrators and every of them (other than and except 
the said Sir Dinshaw Manockjee Petit, bis devisees, heirs and assigns), all such estate, right. title, interest, 
claim and demand whatsoever of, into. out of or upon the said Mansion-house and hereditaments called 
"Petit Hall," or any part or parts thereof, as they, every or any of them, Had before the passing of this Act, 
and would, could or might have had, held or enjoyed in case this Act bad not been passed.